Martin Jarrett Sells 4,716 Shares of Constellium (NYSE:CSTM) Stock

Constellium SE (NYSE:CSTM) SVP Martin Jarrett sold 4,716 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $33.46, for a total transaction of $157,797.36. Following the completion of the transaction, the senior vice president directly owned 15,375 shares in the company, valued at $514,447.50. This represents a 23.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Constellium Price Performance

Shares of NYSE CSTM opened at $31.20 on Wednesday. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 10.10 and a beta of 1.54. Constellium SE has a 52 week low of $11.23 and a 52 week high of $34.94. The company’s 50-day moving average price is $28.67 and its 200 day moving average price is $23.25. The company has a current ratio of 1.39, a quick ratio of 0.60 and a debt-to-equity ratio of 1.71.

Constellium (NYSE:CSTM) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The firm had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The firm’s revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. As a group, research analysts forecast that Constellium SE will post 3.34 earnings per share for the current fiscal year.

Constellium announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group assumed coverage on shares of Constellium in a research report on Tuesday, May 5th. They issued a “buy” rating and a $38.00 price objective for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $34.00 price objective (up from $30.00) on shares of Constellium in a research report on Thursday, April 30th. Wells Fargo & Company increased their price objective on shares of Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets set a $32.00 price objective on shares of Constellium and gave the company an “outperform” rating in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Constellium in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $36.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ethic Inc. grew its holdings in shares of Constellium by 1.6% during the fourth quarter. Ethic Inc. now owns 29,283 shares of the industrial products company’s stock worth $552,000 after purchasing an additional 456 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Constellium by 0.4% in the fourth quarter. Mackenzie Financial Corp now owns 132,642 shares of the industrial products company’s stock valued at $2,511,000 after acquiring an additional 512 shares during the last quarter. Summit Global Investments boosted its holdings in Constellium by 1.7% during the first quarter. Summit Global Investments now owns 33,799 shares of the industrial products company’s stock worth $831,000 after buying an additional 554 shares during the last quarter. Moran Wealth Management LLC increased its stake in shares of Constellium by 6.7% in the 1st quarter. Moran Wealth Management LLC now owns 11,025 shares of the industrial products company’s stock valued at $271,000 after acquiring an additional 692 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Constellium by 29.7% in the 4th quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 707 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.